7.90% Tata Sons Private Limited - AAA Rated (INE895D08915)

Tata Sons Private Limited, a Finance company, has floated Debenture, having ISIN value as INE895D08915, with a face value of ₹4,00,000 rs on 03Dec18 to raise 346 crores. The debt instrument is issued with a coupon rate of 7.90% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 7.90% UNSECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 04/01/2032. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 16Jan18. This issuer is formerly known as TATA SONS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.